NRS 624.950
Limitations on contractor’s involvement with entities engaged in certain lending and financial services.

1.

Except as otherwise provided in this section and NRS 624.955, a contractor who performs work concerning a residential pool or spa shall not act as, or carry out the duties of, an officer, director, employee or owner of a bonding company, finance company, or any other corporation or business entity who cosigns, underwrites, obtains a deed of trust for, issues, sells, purchases or acquires a loan to finance work concerning a residential pool or spa.

2.

The provisions of this section do not prohibit a contractor from owning, holding or possessing, either directly or indirectly through a mutual fund or any other financial arrangement or investment plan, any stocks or other securities issued by a company, corporation or business entity described in subsection 1 if:

(a)

The stocks or other securities are offered openly to the public through a securities exchange; and

(b)

The contractor does not own, hold or possess a controlling interest in the company, corporation or business entity.

Source: Section 624.950 — Limitations on contractor’s involvement with entities engaged in certain lending and financial services., https://www.­leg.­state.­nv.­us/NRS/NRS-624.­html#NRS624Sec950.

Last Updated

Jun. 24, 2021

§ 624.950’s source at nv​.us